The NAIC is proud to support the Congressional resolutions calling on the IAIS to conduct its business in an open and transparent manner. The protections afforded consumers and the strength of our markets depends on confidence in our regulatory framework. The removal of Observer status for consumer advocates, insurance experts, and industry representatives at the IAIS will lead to distrust. Limiting participation to “invite only” for market participants calls into question the credibility of our decision-making process.